Bouygues confident about Alstom prospects despite EU ruling

1 Min Read

FILE PHOTO: The logo of Bouygues Telecom is seen at the entrance of a shop in Nice, France October 8, 2018. REUTERS/Eric Gaillard

PARIS (Reuters) - French conglomerate Bouygues, which has a 28 percent stake in Alstom, said it regretted the European Union’s decision to veto a merger between Alstom and Siemens but added it was confident over Alstom’s prospects.

“Whatever happens, Alstom will continue to develop on its own path,” Bouygues said in a statement.

“As the key shareholder, Bouygues backs Alstom’s strategy and is confident about its future,” added Bouygues.